paymentvoucher:
CBN, Is it your money?

Una FADA

Lazy Nigerian youths everywhere. Abeg, activate your brains

koolgee:
Okay
A welcome development for security of customers funds.
You also have the option of increasing your limit, but at your own risk

Yes,there is an option to increase your limits. It is stated there.
Many people didn't even read the post.
Most are commenting based on heading /title of the post.

tonzo:
What's the need of promoting mobile banking.
This government is confused they need deliverance

Ussd is different from using your mobile app.

nelsonebby:

Except You probably don’t have money on your account.


This is going to affect everybody

Did you read the post? You have the option to increase your limit,but you must go to the bank to fill/sign an indemity form.

anyicash:
sorry that you failed to comprehend nothing from the message. Maybe you should re-read it all over again.

He didn't eve read the post.

aaronson:
Did you ever read this article or you just rushed off to be in first comment place. In Summary, CBN is trying to limit that huge amount of money fraudsters lift from your bank account when they have your phone like the case of one guy who reported here the last time about 400k plus been fraudulently deducted from his account and how he got it back.

CBN here is trying to limit that huge loss of money and also mandating the use of PIN for transactions more than 20k. This is to ameliorate fraudulent practices perpetuated using the USSD bank codes.

Read, Read, Read! Not everything is worth the instant gratification, okay you had the first place now but couldn't understand the message passed. Does it make it sense?

True you read the article, but the CBN is also insisting on a second level authentication after the PIN has been verified correctly. I am thinking this could be in the form of another password.

EarthXmetahuman:
[s][/s]so because of fraud that can be prevented, people have to suffer because they do not know how prevent ussd fraud.

You are even dumber than emiefiele.


Most frauds even happen online, what next? He is gonna restrict online transactions too?

You are the dumb one here.

ArmedRobber:
dumb skull fvckstard.

for the fact that you Don't have penny in your empty bank account doesn't' mean everybody should be wretched like you due to illegal withdrawals from fraudsters.

go get a life and stop behaving like a goat on public forum,because of hatred for a man that has achieved the level of success that your past,present and future generations can never attain .

According to your name here ....I see there’s nothing you will offer your future generation....how much are they selling common sense ...you don’t even know me and you don’t know what to say than to bring your hatred to me ...why don’t you use that on your family bastard ...lazy Nigerian youth

pbells006:
Whether two factor or Four Factor authentication it doesn't stop fraud

It helps a lot! The only way to beat the 2 factor authentication Is for them to trick you into telling them or to be in possession of your phone

You see wetin all these scammers don cause?

I don’t see this as a good idea ...they only look at this at a side what about those that do their business on their phone ...nor everyone like to go to the bank ...some client like last to see their money before anything ..I think they should review that policy

I am really concerned with this new policy.

I believe it's a few steps backwards, considering the extant financial inclusion and cashless policies of the same CBN.

As an experienced banker, I believe this doesn't address the issue of weaknesses in the system and u enlightenment that allow fraudsters take money from innocent bank customers. CBN as usual, has taken the easy way out instead of improving the security technology and processes in the payment and transfer platforms.

Instead of limitations to the amounts that can be concluded which will reduce efficiency of business transactions and move transactions back to handling cash or having to go into a banking hall for transactions that can be concluded over a glass of fruit juice and an exchange of account details.

As a side business man, I enjoy doing business online and making and receiving payments electronically. I don't think we should go back to the era of going with a police escort because you wanna buy a car or house.

[s]

shallysgirl:
You are the dumb one here.

[/s]who is this dunce?

shallysgirl:
He didn't eve read the post.

you are right.

in case those useless CBN people don't know...fraudsters are always a step ahead

EarthXmetahuman:
[s][/s]who is this dunce?

Dollykpoko

shallysgirl:
Did you read the post? You have the option to increase your limit,but you must go to the bank to fill/sign an indemity form.

I’m not going at reading with my phone.

Thank you for letting me know

music4me:
Even CBN won't allow us withdraw our money in peace...Is it their money?

You no go like get sense? With all these issues about forced transfers by hoodlums, this is a wonderful idea

Bishopsgate:
I am really concerned with this new policy.

I believe it's a few steps backwards, considering the extant financial inclusion and cashless policies of the same CBN.

As an experienced banker, I believe this doesn't address the issue of weaknesses in the system and u enlightenment that allow fraudsters take money from innocent bank customers. CBN as usual, has taken the easy way out instead of improving the security technology and processes in the payment and transfer platforms.

Instead of limitations to the amounts that can be concluded which will reduce efficiency of business transactions and move transactions back to handling cash or having to go into a banking hall for transactions that can be concluded over a glass of fruit juice and an exchange of account details.

As a side business man, I enjoy doing business online and making and receiving payments electronically. I don't think we should go back to the era of going with a police escort because you wanna buy a car or house.

u can use your bank's mobile app and transfer up to 500k

music4me:
Even CBN won't allow us withdraw our money in peace...Is it their money?

Ontop our money o! Dis guys have lost it walahi.

abbaapple:



Awon Yahoo boys will be delighted with such news! Can't wait!

It's obvious you didn't comprehend the passage.

Read again!!

It will checkmate the activities of yahoo boys as regards bulk wire

EarthXmetahuman:
[s][/s]so because of fraud that can be prevented, people have to suffer because they do not know how prevent ussd fraud.

You are even dumber than emiefiele.


Most frauds even happen online, what next? He is gonna restrict online transactions too?

If you don't know about controls, then we shouldn't be having this conversation.

[quote author=Yoshy post=67072091]

You no go like get sense? With all these issues about forced transfers by hoodlums, this is a wonderful idea[/quo]. I for say make U borrow me small sense,but the one wey U get is not even enuf for only U....Mind
ur business n keep out of my mention...

aaronson:
Did you ever read this article or you just rushed off to be in first comment place. In Summary, CBN is trying to limit that huge amount of money fraudsters lift from your bank account when they have your phone like the case of one guy who reported here the last time about 400k plus been fraudulently deducted from his account and how he got it back.

CBN here is trying to limit that huge loss of money and also mandating the use of PIN for transactions more than 20k. This is to ameliorate fraudulent practices perpetuated using the USSD bank codes.

Read, Read, Read! Not everything is worth the instant gratification, okay you had the first place now but couldn't understand the message passed. Does it make it sense?

Sorry o Emefiele wanna be...U sabi write na im we naija never get another Nobel prize winner apart from Soyinka....Just Keep Off My Mention PLEASE.

[quote author=music4me post=6o7089272][/quote]

Yeah, I did it again, hug transformer.